Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
In a recent transaction reported to the Securities and Exchange Commission, Edward Aloysious McDermott III, the Chief Operating Officer of Verano Holdings Corp. (OTC:VRNOF), executed a sale of the company’s Class A Subordinate Voting Shares. The sale, conducted on March 10, 2025, involved 7,692 shares at a price of $0.6501 per share, totaling approximately $5,000. The transaction comes as the stock has declined about 85% over the past year, according to InvestingPro data.
Additionally, on March 7, 2025, McDermott settled vested restricted stock units, resulting in the acquisition of 46,972 Class A Subordinate Voting Shares. These transactions were part of a Rule 10b5-1 trading plan adopted by McDermott on September 5, 2023. Following these transactions, McDermott holds a total of 135,634 shares directly. Despite current challenges, InvestingPro analysis suggests the company is undervalued, with analysts forecasting profitability this year.
Verano Holdings, based in Chicago, operates in the agriculture production sector, focusing on crops. The company, with a market capitalization of $232 million, generated revenue of $879 million in the last twelve months, operating with a moderate debt level and maintaining a healthy current ratio of 1.81. For deeper insights into Verano’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
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